Lululemon Athletica Inc. (NASDAQ:LULU) Shares Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co lifted its stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,000 shares of the apparel retailer's stock after buying an additional 10,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Lululemon Athletica were worth $7,648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $26,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the fourth quarter valued at $32,000. Asset Planning Inc purchased a new position in Lululemon Athletica in the fourth quarter valued at $33,000. Finally, Sound Income Strategies LLC raised its position in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after acquiring an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica Stock Performance

NASDAQ LULU traded up $2.10 during trading on Friday, reaching $258.72. 622,129 shares of the company's stock were exchanged, compared to its average volume of 2,233,307. The company has a 50 day moving average price of $335.49 and a two-hundred day moving average price of $339.26. The stock has a market cap of $31.21 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. Lululemon Athletica Inc. has a 1 year low of $226.01 and a 1 year high of $423.32.

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Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 earnings per share. The firm's revenue was up 12.3% compared to the same quarter last year. Research analysts forecast that Lululemon Athletica Inc. will post 14.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Bank of America reduced their target price on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. BTIG Research cut their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Finally, KeyCorp cut their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $371.79.

Lululemon Athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.